Insider Selling: Iron Mountain Incorporated (NYSE:IRM) CEO Sells 69,131 Shares of Stock

Iron Mountain Incorporated (NYSE:IRMGet Free Report) CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

William L. Meaney also recently made the following trade(s):

  • On Wednesday, December 11th, William L. Meaney sold 15,872 shares of Iron Mountain stock. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28.

Iron Mountain Stock Performance

NYSE:IRM traded up $0.96 during mid-day trading on Friday, reaching $105.70. The stock had a trading volume of 2,295,094 shares, compared to its average volume of 2,395,597. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75. The business has a 50 day simple moving average of $115.49 and a 200 day simple moving average of $110.41. Iron Mountain Incorporated has a twelve month low of $64.68 and a twelve month high of $130.24. The firm has a market capitalization of $31.02 billion, a price-to-earnings ratio of 293.62, a PEG ratio of 6.70 and a beta of 0.98.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.71%. Iron Mountain’s dividend payout ratio is presently 794.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on IRM shares. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Stifel Nicolaus upped their target price on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Barclays lowered their price target on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Finally, Royal Bank of Canada increased their price objective on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Iron Mountain has a consensus rating of “Buy” and a consensus price target of $131.00.

View Our Latest Stock Analysis on Iron Mountain

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IRM. OneDigital Investment Advisors LLC boosted its stake in shares of Iron Mountain by 1.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider’s stock worth $711,000 after acquiring an additional 89 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Iron Mountain by 0.8% during the third quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider’s stock worth $1,351,000 after purchasing an additional 92 shares during the last quarter. Geller Advisors LLC boosted its position in Iron Mountain by 2.9% during the third quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 96 shares in the last quarter. Schmidt P J Investment Management Inc. grew its holdings in Iron Mountain by 3.6% in the third quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 100 shares during the last quarter. Finally, Claro Advisors LLC increased its position in shares of Iron Mountain by 0.6% in the third quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider’s stock valued at $1,986,000 after buying an additional 103 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Company Profile

(Get Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.

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Insider Buying and Selling by Quarter for Iron Mountain (NYSE:IRM)

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